Industry Background:
Crime analytics software provides automation in the analysis of crime right from mapping the crimes and carries out analysis of crime-related data. This software offers efficiency and productivity in crime investigation operations and is used by police & law enforcement, fire & EMS, dispatch centers, and other officials to predict and forecast potential crimes. The software utilizes artificial intelligence to help law enforcement identify the crime trends within the area.This growth is primarily driven by Demand for the Automation in Crime Analytics and Need for Managing the Crime Related Data from Multiple Sources for Productivity, and Efficiency in Crime Investigation.
Globally, a noticeable market trend is evident Increasing Use of Crime Analytics Software Among Police & Law Enforcement Professional. Major Players, such as Esri (United States), Central Square (United States), Forensic Logic Coplink (United States), LexisNexis Risk Solutions Group (United States), Universal Com Link (United States), Motorola Solutions, Inc. (United States), Hexagon AB (Sweden), Izenda, Inc. (United States), PredPol, Inc. (United States) and NICE Actimize (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 17th February 2021, Accuity and LexisNexis Risk Solutions announced they are merging operations. Both businesses are RELX companies and leaders in their respective focus areas in the global financial crime compliance sector with complementary solutions. Accuity is part of the LexisNexis Risk Solutions group of companies (LexisNexis Risk Solutions Group). The companies operate in more than 100 countries.
On 4th June 2020, NICE Actimize to Acquire Guardian Analytics, Expanding AI Cloud Solutions for Financial Crime Risk Management Across All Market Segments. Acquisition revolutionizes financial crime risk management, introducing the market’s most comprehensive cloud platform with best-in-class machine learning and analytics for financial services organizations of all sizes.
Market Drivers
- Demand for the Automation in Crime Analytics
- Need for Managing the Crime Related Data from Multiple Sources for Productivity, and Efficiency in Crime Investigation
Market Trend
- Increasing Use of Crime Analytics Software Among Police & Law Enforcement Professional
Restraints
- The requirement of Advanced Skill in Crime Analytics Software
Opportunities
Integration of Artificial Intelligence in Crime Analytics Software and Technological Advancement and Upgradation in Crime Analytics Software
Challenges
Regulatory Compliance Associated with the Crime Analytics Software
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Crime Analytics Software Study Sheds Light on
— The Crime Analytics Software Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Crime Analytics Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Crime Analytics Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.